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Eurozone posts $20.5B current account surplus in June

20.08.2019, 19:04 6643
Eurozone posts $20.5B current account surplus in June
The European Central Bank announced that the eurozone saw a current account surplus of Ђ18 billion ($20.5 billion) in June.
 
Current account surplus was Ђ30 billion ($33.3 billion) in May and Ђ24 billion ($27.8 billion) in June a year earlier, according to official figures, Anadolu Agency reports.
 
Meanwhile, the current account posted a surplus of Ђ318 billion ($362.5 billion) in the 12-month period to June.
 
The 12-month surplus also narrowed versus Ђ391 billion ($453.5 billion) in the same period last year.
 
The surplus in the 12-month period was 2.7% of the eurozone's GDP, while this ratio was 3.4% in the same period in 2018.
 
On the financial account side, the eurozone residents' net acquisitions of foreign portfolio investment securities amounted Ђ58 billion ($66.1 billion) in the 12-month period to June 2019, down significantly from Ђ484 billion ($561.44 billion) in the same period previous year.
 

Non-residents’ net purchases of euro area portfolio investment securities amounted to Ђ42 billion [$47.9 billion], down from Ђ249 billion [$288.8 billion]," the bank added.

 
 
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